Recalculating hourly rates uses the newly assigned hourly rates to recalculate the already existing time records, which contain that specific field to which the newly hourly rate was assigned.
Note that you will not be able to recalculate the price of the time records, which have been already billed.
Method 1: Using the "Recalculate price" button
This method comes in handy when you'd like to specify the date and the project, client, task or activity fields, which should be recalculated.
To perform this, do the following:
Go to the Billing module
Go to the "Pricing" subpage
Click on the "Recalculate price" button
Select the time range
Select the fields, which should be recalculated (more can be selected at once)
Click on "Submit", as seen below:
Method 2: Recalculating the field straight after assigning an hourly rate to it
To carry this out, see this article.
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